Barclays (BCS) Hits New 52-Week Low at $9.25

Barclays PLC (NYSE:BCS)’s share price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $9.25 and last traded at $9.33, with a volume of 181884 shares trading hands. The stock had previously closed at $9.30.

Several equities analysts recently issued reports on BCS shares. ValuEngine cut shares of Barclays from a “hold” rating to a “sell” rating in a research note on Wednesday, June 6th. Goldman Sachs Group reiterated a “neutral” rating on shares of Barclays in a research note on Wednesday, May 23rd. UBS Group reiterated a “buy” rating on shares of Barclays in a research note on Wednesday, July 11th. Zacks Investment Research upgraded shares of Barclays from a “sell” rating to a “hold” rating in a research note on Monday, July 23rd. Finally, Bank of America reiterated a “neutral” rating on shares of Barclays in a research note on Tuesday, June 19th. Five research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. Barclays has a consensus rating of “Hold” and a consensus target price of $14.00.

The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 4.91. The stock has a market capitalization of $41.42 billion, a price-to-earnings ratio of 11.39, a price-to-earnings-growth ratio of 0.35 and a beta of 0.74.

The business also recently disclosed a special dividend, which will be paid on Monday, September 17th. Shareholders of record on Friday, August 10th will be given a dividend of $0.131 per share. The ex-dividend date is Thursday, August 9th. This is a boost from Barclays’s previous special dividend of $0.11. This represents a yield of 2.24%. Barclays’s dividend payout ratio is currently 31.33%.

In other Barclays news, major shareholder Plc Barclays sold 62,390 shares of the company’s stock in a transaction on Thursday, June 28th. The shares were sold at an average price of $5.63, for a total transaction of $351,255.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.02% of the company’s stock.

A number of large investors have recently bought and sold shares of BCS. Geode Capital Management LLC raised its position in Barclays by 18.2% during the fourth quarter. Geode Capital Management LLC now owns 65,845 shares of the financial services provider’s stock worth $717,000 after acquiring an additional 10,118 shares during the period. Two Sigma Advisers LP acquired a new position in Barclays during the fourth quarter worth $507,000. FDx Advisors Inc. acquired a new position in Barclays during the first quarter worth $1,055,000. Bell & Brown Wealth Advisors LLC acquired a new position in Barclays during the first quarter worth $776,000. Finally, Greenleaf Trust acquired a new position in Barclays during the first quarter worth $142,000. Institutional investors own 3.18% of the company’s stock.

About Barclays (NYSE:BCS)

Barclays PLC, through its subsidiaries, provides various financial products and services in the United Kingdom, other European countries, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International divisions. It offers personal and business banking services; credit and debit cards; international banking; and private banking services, which include investment, wealth planning, and credit and specialist solutions to high net worth and ultra-high net worth clients, and family offices.

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